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that health-care cost growth has slowed down. we have been there once before and it did not pan out. i am a believer that there are a number of forces that should make us more optimistic now than we were the last time this happened. >> other questions from the audience? >> i am >gruenberg. the whole point of the fiscal cliff and trying to get the deficit down long-term -- you have not talked about the other obvious thing which is jobs. this is a tax panel but if you put people to work, they earn money, even at government jobs. if they earn money, they pay taxes, if they pay taxes, revenue goes up on the top -- and the deficit goes down. talk about jobs. >> talk about growing our way out of the deficit? >> everything you said is true. growth is beneficial but the net benefits are much lower than many people realize. the problem is that we have designed a system where we have, for example, indexed initial social security benefits to wages. that means that the faster the economy grows, the faster wages grow, the faster the cost of our promises of growth. with health, is more obscure but i t
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